Real Estate Credit Investments (LON:RECI) Shares Cross Below 200 Day Moving Average – What’s Next?

Real Estate Credit Investments Limited (LON:RECI)’s stock price crossed below its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of GBX 116.54 and traded as low as GBX 112. Real Estate Credit Investments shares last traded at GBX 112, with a volume of 309,711 shares changing hands.

Real Estate Credit Investments Stock Up 1.3%

The company has a debt-to-equity ratio of 38.72, a current ratio of 26.75 and a quick ratio of 0.10. The stock has a market capitalization of £250.88 million, a P/E ratio of 16.45 and a beta of 0.20. The stock’s fifty day moving average is GBX 115.90 and its two-hundred day moving average is GBX 116.52.

Real Estate Credit Investments Company Profile

Real Estate Credit Investments (RECI) is a closed-ended investment company which originates and invests in real estate debt secured by commercial real estate in Western Europe, focusing primarily on the United Kingdom, France and Spain.

RECI is externally managed by Cheyne Capital’s real estate business which was formed in 2008 and currently manages c. $5bn via private funds and managed accounts. RECI’s overarching aim is to deliver a stable quarterly dividend with minimal volatility, through economic and credit cycles via a levered exposure to real estate credit investments.